UK Corporate Governance Code

Compliance with the UK Corporate Governance Code

As a premium listed company on the London Stock Exchange, the Company reports in accordance with the UK Corporate Governance Code (the ‘Code’) which sets out standards of good practice in relation to Board leadership and effectiveness, remuneration, accountability and relations with shareholders. A copy of the Code is available from the FRC website www.frc.org.uk.

An updated version of the Code was published in April 2016 and applies to companies with financial years starting on or after June 17, 2016. The Company has taken account of the changes to the Code and reports formally in accordance with the Code. The Company has applied the main principles of the Code and has complied with all relevant provisions throughout the year under review.